Millennium Management LLC Has $1.50 Million Stake in Opera Limited (NASDAQ:OPRA)

Millennium Management LLC increased its position in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 78.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,200 shares of the company's stock after acquiring an additional 34,710 shares during the quarter. Millennium Management LLC owned about 0.09% of Opera worth $1,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its stake in Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after acquiring an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Opera by 229.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after buying an additional 1,548 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Opera in the fourth quarter valued at approximately $81,000. Finally, Signaturefd LLC lifted its stake in Opera by 26.5% in the fourth quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after buying an additional 1,134 shares in the last quarter. Institutional investors own 10.21% of the company's stock.

Wall Street Analyst Weigh In

OPRA has been the topic of a number of research reports. Lake Street Capital lifted their price target on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Piper Sandler initiated coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price target on the stock. The Goldman Sachs Group cut their price target on shares of Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen raised shares of Opera from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $24.90.

Opera Stock Down 1.7%

Shares of NASDAQ OPRA traded down $0.31 during midday trading on Thursday, reaching $18.32. The company's stock had a trading volume of 403,239 shares, compared to its average volume of 562,412. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.30 and a beta of 1.01. The stock has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $18.04.

Opera (NASDAQ:OPRA - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $142.72 million for the quarter, compared to the consensus estimate of $132.48 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts predict that Opera Limited will post 0.81 earnings per share for the current year.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.